Oil prices plunged to the lowest level in a week on Monday night as Iran launched a missile strike on a US military base in Qatar. Brent crude fell by as much as 7.6pc to $71.15 a barrel in response to the retaliatory attacks, which were less severe than traders had expected.

By DAVID RISING, JON GAMBRELL and MELANIE LIDMAN DUBAI, United Arab Emirates (AP) — Israel hit Iranian government targets in Tehran on Monday in a series of strikes that followed a salvo of

Oil prices are higher in initial trading after the weekend U.S. attack on Iranian nuclear sites, but the rise is relatively modest because markets had already priced in a high degree of uncertainty about the Middle East.